Monthly Archives: February 2024
S&P 500 futures gain after Meta, Amazon results as jobs report looms: Live updates
(CNBC) S&P 500 futures rose on Friday morning as a trio of megacap tech titans reported results and investors looked ahead to the January jobs report. Futures tied to the broader market index rose about 0.5%, while Nasdaq 100 futures […]
Meta shares jump 14% after profit triples and company announces first-ever dividend.
(CNBC) Revenue jumped 25% in the quarter from $32.2 billion a year earlier, the fastest rate of growth for any period since mid-2021, as the online ad market continued to rebound. Meanwhile, the company’s expenses decreased 8% year over year […]
Equity strategies lead double-digit 2023 hedge fund gains
(Hedgeweek) Hedge funds achieved double-digit returns in 2023, led by equity strategies with a weighted average return of 21.91%, according to research from asset servicer Citco, which has over $1.8tn in assets under administration (AUA). To read this article:
AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
(CNBC) U.S. chip giant Advanced Micro Devices is betting on AI PCs to take on rivals including Nvidia and Intel as the AI race heats up. ?[The market for] AI PCs is going to continue to expand,” said Victor Peng, […]
US hedge fund North Rock opens Singapore office
(Hedgeweek) US hedge fund North Rock Capital is expanding its Asia footprint with the opening of a new office in Singapore. The move comes a year after North Rock established its first Asia office in Hong Kong, according to a […]
ESMA monitoring hedge funds with 2,000% leverage
(Hedgeweek) A group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000% has attracted the attention of the European Securities and Markets Authority (ESMA) over concerns of potential market risk, according to a […]
Quant Vatic adds hedge fund-style trading team
(Hedgeweek) Quant trading firm Vatic Investments, which takes ‘inspiration’ from systematic hedge fund firm Renaissance Technologies, has hired a new team to trade statistical arbitrage strategies using client money, according to a report by eFinancial Careers. To read this article:
Jeffrey Gundlach says all the ‘Goldilocks’ talk makes him nervous, thinks recession is still likely
(CNBC) DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. To read this article:
SEC delays hedge fund dealer registration rule vote
(Hedgeweek) A vote on new regulations, which would introduce a requirement for hedge funds and proprietary trading firms to register as dealers, has been postponed by the Securities and Exchange Commission (SEC), according to a report by Bloomberg. To read […]
Crowded trades are top concern for hedge fund investors
(Hedgeweek) More than a fifth of institutional hedge fund investors, including pension funds and insurance companies, have identified ‘crowding’ in hedge fund portfolios as a top investment concern, according to a report by Reuters. To read this article:
Fed holds rates steady, indicates it is not ready to start cutting
(CNBC) The Federal Reserve has sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting, with a March move lower increasingly unlikely. In a substantially changed statement […]
Deutsche Bank smashes profit estimates and boosts shareholder returns
(CNBC) Deutsche Bank on Wednesday smashed fourth-quarter earnings expectations with a net profit of 1.3 billion euros ($1.4 billion), and announced a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% […]
